Mutual Advisors LLC Lowers Stock Position in Carnival Corporation $CCL

Mutual Advisors LLC cut its holdings in shares of Carnival Corporation (NYSE:CCL) by 24.8% during the second quarter, HoldingsChannel.com reports. The fund owned 18,606 shares of the company’s stock after selling 6,124 shares during the quarter. Mutual Advisors LLC’s holdings in Carnival were worth $554,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Oliver Lagore Vanvalin Investment Group purchased a new position in shares of Carnival during the second quarter worth approximately $28,000. N.E.W. Advisory Services LLC purchased a new position in shares of Carnival during the first quarter worth approximately $25,000. Graybill Wealth Management LTD. purchased a new position in shares of Carnival during the first quarter worth approximately $26,000. Zions Bancorporation National Association UT purchased a new position in shares of Carnival during the first quarter worth approximately $35,000. Finally, Wealthquest Corp purchased a new position in shares of Carnival during the first quarter worth approximately $36,000. 67.19% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Carnival news, Director Sir Jonathon Band sold 12,500 shares of the firm’s stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $29.75, for a total value of $371,875.00. Following the completion of the sale, the director owned 64,406 shares of the company’s stock, valued at approximately $1,916,078.50. This trade represents a 16.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 7.60% of the company’s stock.

Carnival Price Performance

Shares of NYSE CCL opened at $28.31 on Monday. Carnival Corporation has a 1-year low of $15.07 and a 1-year high of $32.80. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.34 and a quick ratio of 0.30. The stock has a fifty day moving average price of $30.24 and a 200 day moving average price of $26.13. The company has a market cap of $33.05 billion, a PE ratio of 14.74, a P/E/G ratio of 0.60 and a beta of 2.68.

Carnival (NYSE:CCL) last released its earnings results on Monday, September 29th. The company reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.11. Carnival had a return on equity of 27.86% and a net margin of 10.07%.The company had revenue of $8.15 billion during the quarter, compared to the consensus estimate of $8.09 billion. During the same quarter last year, the company earned $1.27 earnings per share. Carnival’s quarterly revenue was up 3.3% compared to the same quarter last year. Carnival has set its Q4 2025 guidance at 0.230-0.230 EPS. FY 2025 guidance at 2.140-2.140 EPS. Sell-side analysts forecast that Carnival Corporation will post 1.77 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on CCL shares. Tigress Financial raised their target price on shares of Carnival from $38.00 to $40.00 and gave the stock a “buy” rating in a research report on Wednesday. Barclays increased their price target on Carnival from $33.00 to $37.00 and gave the stock an “overweight” rating in a report on Wednesday, September 17th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Carnival in a report on Wednesday, October 8th. Stifel Nicolaus increased their price target on Carnival from $34.00 to $38.00 and gave the stock a “buy” rating in a report on Tuesday, September 23rd. Finally, Zacks Research raised Carnival from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 7th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $33.00.

Carnival Profile

Carnival Corp. engages in the operation of cruise ships. It operates through the following business segments: North America and Australia (NAA) Cruise, Europe and Asia (EA) Cruise Operations, Cruise Support, and Tour and Others. The North America and Australia (NAA) Cruise segment includes the Carnival Cruise Line, Holland America Line, Princess Cruises, and Seabourn.